{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/nzdusd-sellers-storm-the-market-as-price-enters-premium-array\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/nzdusd-sellers-storm-the-market-as-price-enters-premium-array\/","headline":"NZDUSD Sellers Storm The Market As Price Enters Premium Array","name":"NZDUSD Sellers Storm The Market As Price Enters Premium Array","description":"NZDUSD Analysis: Sellers Storm Market As Price Enters Premium Range NZDUSD sellers storm the market as the price enters a premium range. Since October last year, the bulls have been predominantly in control of the market. Due to the enormous buying pressure, prices rallied without much correction until the daily bearish order block was reached. […]","datePublished":"2023-02-10","dateModified":"2023-02-10","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/02\/b.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/02\/b.jpg","height":597,"width":1194},"url":"https:\/\/forexschoolonline.com\/nzdusd-sellers-storm-the-market-as-price-enters-premium-array\/","about":["Article","charts","Forex Strategies","Forex Trading Tools","FX Technical Analysis","NZD\/USD","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":304,"keywords":["Daily Chart","Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","NZD","NZD\/USD","NZDUSD","Price Action","Price Analysis","Technical Analysis","USD"],"articleBody":"NZDUSD Analysis: Sellers Storm Market As Price Enters Premium RangeNZDUSD sellers storm the market as the price enters a premium range. Since October last year, the bulls have been predominantly in control of the market. Due to the enormous buying pressure, prices rallied without much correction until the daily bearish order block was reached.NZDUSD Significant ZonesDemand Zones: 0.61560, 0.55120Supply Zones: 0.65760, 0.70340On October 11, 2022, NZDUSD made a bounce off the major support at the 0.55120 price level and flipped bullishly. The support at the 0.55120 price level is currently the lower boundary of the market’s trading range. Before the bounce off the 0.55120 support, the old high was created at the 0.58140 price level. This price level was later invalidated as the price flipped bullish and the market’s environment changed to the upside. The breaker block used to break the old low at the 0.55650 price level was later used to propel the price upward as it got retested.The daily bearish order block that is causing the bearish sentiment in the market was formed on June 2, 2022. Following a grab of buy-side liquidity above the 0.63950 price level, NZDUSD ran through the sell-side liquidity below the 0.63090 price level. According to the Moving Average Convergence Divergence (MACD), the market was typically bearish for months until the Change of Character (CHOCH) in October 2022. As of now, the price seems to be heading down to execute buy orders in the discount arrays.Market ExpectationThe market’s structure is already shifting to the upside on the four-hour chart. NZDUSD is expected to make a retracement into either the breaker block or the consolidation zone before resuming the downtrend.Note:\u00a0Forexschoolonline.com\u00a0is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. "}